Category: identity theft

Aligned with our commitment to growth and a relentless quest to meet each client’s life vision with comprehensive planning, we are pleased to announce our new team member, Scott Shinnick. He will be serving as our new Director of Advisory Portfolio and Investment Research. Olson Wealth Group, a multi-family office dedicated to financial stewardship and

As we begin 2022, we offer the updated IRS 2022 dollar limits and thresholds for retirement plans, which reflect the latest cost-of-living adjustments. These numbers will affect retirees and retirement savers, with updates to tax rates, deductions, contributions, and an increase in Social Security benefits.  Please see the table below, which compares the 2021 and

LPL Research Outlook 2022: Passing the Baton is designed to help you navigate the year ahead.  Fiscal and monetary policies played big roles in the economic recovery in 2021, but we see 2022 playing out as a handoff—from stimulus bridging a pandemic recovery to an economy growing firmly on its own, with consumers, productivity, small businesses, and capital

We are proud to announce that Nicole was recently named as a Top Women in Finance for 2021 by Finance & Commerce Magazine. This Minnesota- based magazine recognizes women who are making an impact not only in their professions but also in their communities. You can read more here.

As a personal wealth manager, I work with many families who come to me with questions about how best to prepare future generations for wealth transfer while ensuring that family values of stewardship and generosity are passed on along the way. While some families have created family foundations, others can opt for a much simpler

It’s often said that it’s not what you make but what you keep that matters. With income, capital gains, and estate taxes all subject to potential increases in the coming years, coupled with current low-interest rates, it’s particularly important that we manage our clients’ after-tax returns as we evaluate portfolios leading into year-end. We believe

In the first half of 2021, the U.S. economy powered forward faster than nearly anyone had expected. Speed can be exhilarating, but it can also be dangerous. In our view, the overall economic picture remains sound and will likely support strong profit growth and additional stock market gains. But the pace of reopening also creates

Aligned with our commitment to growth and a relentless quest to meet each client’s life vision with comprehensive planning, we are pleased to announce our new team member, Tom Knutson, CFP ® serving as our new Director of Financial Planning. Olson Wealth Group, a multi-family office dedicated to financial stewardship and a leader for more

We are proud to share the following article, recently published in Plan Adviser Magazine. Read the Full Article Here

We are proud to share the following article, recently published in the Minneapolis/ St. Paul Business Journal Read Article Here

We are proud to share the following article, recently published in Authority Magazine. Read Article Here

We are proud to share the following article, recently published in Forbes. The focus was a strategy to reduce tax on the sale of a business in coordination with estate and charitable planning goals.  A NIMCRUT is a trust that allows you to provide income to yourself or others for life, or for a term

As your trusted financial advisor, it is important to keep you informed to ensure you have accurate information and updates about the process for reporting your investment income and preparing your tax documents. In an effort to save you and your CPA some frustration, we advise that you NOT file your taxes until at least April

One of the many provisions within the SECURE Act that helps business owners, is the ability for companies to establish certain tax-qualified retirement plans beyond the December 31, 2020 deadline.  Previously, an employer had to adopt a workplace plan by the last day of the employer’s tax year.While employer contributions could be made after year-end,

This holiday season certainly does not look like any other we have experienced. It takes a bit of a mindset change to make the most of what should be a cheerful and hopeful time of year. Typically, during this season, our team partakes in a service project to help others. Because we cannot be together in person, we decided to change our perspective and think about what others have done for us and how often small random acts of kindness can inspire us all to be a bit more joyful this year. We hope you enjoy us sharing how kindness has recently entered our lives and inspired us to act with a little more kindness ourselves.

Minneapolis / St. Paul Business Journal Leadership TrustBy Sharon Olson, President, CFP and Nicole Scanlon, J.D., Managing Director, Family Wealth. Olson Wealth Group brings wise counsel and clear strategies to deliver real-life returns for generational wealth. My company helps families build wealth and pass it down through generations. But of course, it’s more than just

Last Thanksgiving, I posted this message on our website and received a favorable response from my clients. I thought it might be good to repost since the homeless have been especially hard hit this year.

Today is Give to the Max Day! Consider joining thousands of generous donors in helping to support local charities. While giving cash is one way, there are many other ways to maximize your generous donation so that it fits within your financial plan. #GTMD20

IRA owners are seeking alternative ways to incorporate tax effective giving strategies into their estate plans. One way to maximize a gift to a beneficiary, while also benefiting a charity of choice, is by using a Charitable Remainder Trust (CRT).

Electing to roll over your 401(k) while keeping your company shares intact is allowed under the IRS’ net unrealized appreciation (NUA) rules.

What is the most efficient and least costly process to use your investment portfolio to access cash when you need it.

Recent changes in tax laws have resulted in important provisions that have created unique and unprecedented opportunities for charitable minded investors.

The CARES Act, Section 2206 offers an opportunity that benefits both employees and employers. Until the end of this year, employers can pay up to $5,250 toward an employee’s student loans tax-free.

I recently received an e-mail from a client who found a new focus and clarity during his time of transition.

Today we are highlighting four timely topics related to 529 plans and the economic environment: time horizon, left-over 529 funds, tax considerations for college refunds and qualified apprenticeship training programs

The Coronavirus Aid, Relief and Economic Security Act (CARES Act) that was passed March 27th, 2020 includes temporary, but meaningful, changes to laws relating to income planning for 2020.

As we have been advised to exercise our business continuity plan and work remotely, I am surprised by the ease and efficiencies we have uncovered while working together “apart.”

Before anyone makes sudden shifts in their asset allocation strategies based on recent market actions, we believe it is important to keep the following points in mind...

Transitions in a career, sale of a business, retirement, buying or selling a home, children or grandchildren, or other life change can cause stress. This discussion with Ruth Tongen, Senior VP of think2perform, highlights how clients can go through transition in a healthful way.

President Trump signed The Setting Every Community Up For Retirement Enhancement Act of 2019 (The SECURE Act) into law on December 20th, 2019. The thirty-one sections of legislation came at long last through bipartisan efforts throughout 2019, and they include some key changes to decisions, rules, and elections relating to how pre-tax accounts play into retirement income and other financial planning.